Economy & Markets
The important economic and stock market news that advisors need to know.
Brexit, Italexit: Investor Stress? Yes. Buying Opportunity? Yes.
By Mike PattonAs with most negatively perceived market events, investors overreacted to the Brexit news. However, like every other overreaction, this one had a silver lining.
July 01, 2016
Oil Trades Near $50 After Biggest Quarterly Advance Since 2009WTI crude increased 26% in the second quarter and Brent rose 25% as U.S. stockpiles slipped for the sixth week and production extended its slide.
July 01, 2016
Gold Set for Longest Run of Gains in 2 Years on Stimulus BetsUncertainty is propelling gold and silver higher as investors continue to pile into gold-backed funds.
July 01, 2016
Brexit’s Inevitable Impact: Lower Equity Valuations—Searching for Alpha for July 2016While lower valuations don't automatically translate to lower stock prices, uncertainty is sure to reign.
July 01, 2016
Treasury Yields Fall to Record Low; Further Declines ExpectedYields have been plunging to all-time lows around the world; Mohamed El-Erian says 10-year Treasury bond yield could fall to 1.25% "quite easily."
June 30, 2016
More Scholarships, Fewer Loans Financing College: SurveyIn addition, more students are working during the academic year or on breaks to help pay for college, Sallie Mae reported.
June 30, 2016
How Chinese Students Are Helping to Save America’s CollegesThe rising number of Chinese students at American colleges is driven in part by big cutbacks in government aid for state universities.
June 30, 2016
Puerto Rico Expected to Default on Debt Even After Restructuring Bill Is SignedEven after Obama signs the long-awaited bill that lets Puerto Rico restructure its debt, the ultimate outcome for holders of the islands debt remains uncertain.